$120,000
$5K PRICE DROP

515 W 2nd St Anderson, IN 46016

Estimated payment $756/month

Total Views 10,410
6 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Are you looking for fantastic cashflow? One price, 4+ units! This property offers a good independent unit in the front with 3 apartments in the back, plus storage area (could be converted into an extra unit). Off-street parking and 2 units recently renovated and ready to rent, some work will get the other unit ready to roll.

Listing Agent

Daniel Soares

Weichert, REALTORS® License #RB21000909 Listed on: 11/12/2025

Weichert, REALTORS®

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,658

Year Built

  • Built in 1885

Lot Details

  • 6,250 Sq Ft Lot

Home Design

  • Quadruplex
  • Vinyl Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • Garage
  • Parking Storage or Cabinetry

Listing and Financial Details

  • Tax Lot 48-11-12-204-034.000-003 186495
  • Assessor Parcel Number 481112204034000003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,658

Year Built

Built in 1885

Lot Details

6,250 Sq Ft Lot

Listing Details

  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1885
  • Lot Size Acres: 0.14
  • Structure Type: Quadruplex
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Conversion: No
  • Special Features: None

Interior Features

  • Basement: No
  • Total Bathrooms: 4
  • Total Bedrooms: 6

Exterior Features

  • Construction Materials: Vinyl Siding
  • Road Access: Frontage Road

Garage/Parking

  • Parking Features: Storage
  • Unit Parking: On Street,Parking Lot

Utilities

  • Laundry Features: Connections Some
  • Security Features: Smoke Detector(s)
  • Solid Waste: No

Lot Info

  • Lot Features: Access
  • Property Attached Yn: No
  • Current Use: Residential
  • Lot Size Sq Ft: 6250
  • Parcel Number: 481112204034000003
  • Acres: <1/4 Acre

Multi Family

  • Net Operating Income: 22120

Tax Info

  • Tax Annual Amount: 1658
  • Tax Lot: 48-11-12-204-034.000-003 186495
  • Semi Annual Property Tax Amt: 829

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,658 $74,600 $8,100 $66,500
2024 $1,658 $74,600 $8,100 $66,500
2023 $1,528 $68,300 $7,700 $60,600
2022 $1,532 $68,500 $7,200 $61,300
2021 $1,411 $62,700 $7,200 $55,500
2020 $1,356 $60,000 $6,800 $53,200
2019 $1,323 $58,500 $6,800 $51,700
2018 $1,242 $53,800 $6,800 $47,000
2017 $1,068 $53,400 $6,800 $46,600
2016 $1,068 $53,400 $6,800 $46,600
2014 $1,086 $54,300 $6,900 $47,400
2013 $1,086 $54,300 $6,900 $47,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/27/2025 11/27/25 Price Changed $120,000 -4.0% --
11/12/2025 11/12/25 For Sale $125,000 +212.5% --
04/25/2019 04/25/19 Sold $40,000 -10.9% $72 / Sq Ft View Prior Sale
04/01/2019 04/01/19 Pending -- -- --
11/06/2018 11/06/18 For Sale $44,900 0.0% $81 / Sq Ft
10/09/2018 10/09/18 Pending -- -- --
02/01/2017 02/01/17 For Sale $44,900 +12.3% $81 / Sq Ft
01/27/2017 01/27/17 Off Market $40,000 -- --
01/26/2016 01/26/16 For Sale $44,900 +12.3% $81 / Sq Ft
01/04/2016 01/04/16 Off Market $40,000 -- --
05/04/2015 05/04/15 For Sale $64,900 -- $118 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Source: Public Records

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22073096

MIBOR Broker Listing Cooperative®

APN: 48-11-12-204-034.000-003

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